Apartment Property Sold

The St James Apartments

Summary

CIVIC ADDRESS 401 Fifth Street
New Westminster, BC
PID 013-454-099
SUITE MIX Bachelor  x 1
Bachelor + Den x 4
One-bed x  1
One bed + Den x 8
Total =  14
SITE SIZE 13,068 Sq. Ft.

*approx & subject to verification
CURRENT ZONING RS-1 Single Detached Dwelling
STATUS FIRM DEAL
TENURE Title will be delivered free and clear of all financial encumbrances

The Opportunity

The National Apartment Group – BC is pleased to present the opportunity to acquire the St. James Apartments, a character rich 14-suite Rental Apartment building built in 1930 and situated on a large 13,068 SF corner lot in the heart of the Queen's Park neighbourhood in New Westminster, BC.

The video tour below highlights some of the character attributes retained throughout the building, the larger than average suite layouts, and the nearby amenities just steps from the property in addition to providing an opportunity for prospective investors to safely view the property virtually.

The owner is in the unique position to deliver 5 suites vacant, providing convenient and safe access to tour the building and allowing investors to immediately start a renovation program and begin updating suites prior to releasing them at market rents.  Though the be building has benefited from recent capital upgrades, it ultimately represents a repositioning opportunity for investors.

PROPERTY VIDEO TOUR

Some examples of property renovations that could be conducted are highlighted in the images below:

Current Kitchen

Virtually Renovated Kitchen

Current Bathroom

Virtually Renovated Bathroom

Property Photos